MultiChoice loses 9% of its subscriber base in 2023/24
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GUEST - Calvo Mawela, MultiChoice Group CEO.
Media group Multichoice’s losses have doubled in the last year as the group continues to bleed customers.
In its financial results for 31 March 2024, the group said that it delivered “positive organic revenue growth” of 3% despite the severity of the macro and consumer headwinds impacting the business.
The group also outperformed its cost optimization, delivering R1.9 billion in cost savings against an initial target of R0.8 billion.
Media group Multichoice’s losses have doubled in the last year as the group continues to bleed customers.
In its financial results for 31 March 2024, the group said that it delivered “positive organic revenue growth” of 3% despite the severity of the macro and consumer headwinds impacting the business.
The group also outperformed its cost optimization, delivering R1.9 billion in cost savings against an initial target of R0.8 billion.
